Cpcu 530 exam questions Study guides, Class notes & Summaries
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CPCU 530 II Exam Questions with Correct Answers
- Exam (elaborations) • 21 pages • 2023
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CPCU 530 II Exam 
Questions with 
Correct Answers 
 
What is an insurance contract? - Answer-A contract where the policyholder pays 
premiums and the insurer promises to cover losses. 
What are the five main parts of a common insurance contract? - Answer-Declarations 
page, definitions section, insuring agreement, exclusions, and conditions. 
What information is included in the declarations page of an insurance contract? - 
Answer-Address of insured property, deductibles, description of insured ...
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CPCU 530 Practice Exam Questions and Answers
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CPCU 530 Practice Exam 
Questions and Answers 
 
common stock - Answer-An ownership interest in a corp that gives stockholders certain 
rights and privileges, such as the right to vote on important matters and to receive 
dividends 
preferred stock - Answer-Stock that is generally nonvoting but that has priority over 
common stock, usually regarding dividends and capital distribution if the corporation 
ends its existence 
Par value - Answer-An arbitrary dollar value that an organization assigns...
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CPCU 530 Chapter 6 Exam Questions and Answers
- Exam (elaborations) • 9 pages • 2023
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CPCU 530 Chapter 6 Exam Questions and Answers 
 
Tort - Answer-A wrongful act or an omission, other than a crime or a reach of contract, that invades a legally protected right 
 
Tortfeasor - Answer-A person or organization that has committed a tort 
 
Plaintiff - Answer-The person or entity who files a lawsuit and is named as a party 
 
Defendant - Answer-The party in a lawsuit against whom a complaint is filed 
 
Legal duty - Answer-An obligation imposed by law for the preservation of the leg...
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CPCU 530 Chapter 6 Exam Questions and Answers
- Exam (elaborations) • 9 pages • 2024
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CPCU 530 Chapter 6 Exam Questions and Answers 
Tort - Answer-A wrongful act or an omission, other than a crime or a reach of contract, that invades a legally protected right 
 
Tortfeasor - Answer-A person or organization that has committed a tort 
 
Plaintiff - Answer-The person or entity who files a lawsuit and is named as a party 
 
Defendant - Answer-The party in a lawsuit against whom a complaint is filed 
 
Legal duty - Answer-An obligation imposed by law for the preservation of the legall...
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CPCU 530 Chapter 6 Exam Questions and Answers
- Exam (elaborations) • 9 pages • 2023
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CPCU 530 Chapter 6 
Exam Questions 
and Answers 
 
Tort - Answer-A wrongful act or an omission, other than a crime or a reach of contract, 
that invades a legally protected right 
Tortfeasor - Answer-A person or organization that has committed a tort 
Plaintiff - Answer-The person or entity who files a lawsuit and is named as a party 
Defendant - Answer-The party in a lawsuit against whom a complaint is filed 
Legal duty - Answer-An obligation imposed by law for the preservation of the legally 
...
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CPCU 530 Chapter 2 Exam Questions and Answers All Correct
- Exam (elaborations) • 6 pages • 2023
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CPCU 530 Chapter 2 Exam 
Questions and Answers All 
Correct 
 
Contract - Answer-A legally enforceable agreement between two or more parties in 
which each party makes some promise to the other 
Promisor - Answer-The party to a contract making a promise 
Promisee - Answer-The party to a contract to whom a promise is made 
Privity of contract - Answer-The relationship that exists between the parties to a contract 
Third-party beneficiary - Answer-A person who is not a party to a contract but who ...
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CPCU 530 Exam Review questions with correct answers
- Exam (elaborations) • 4 pages • 2024
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CPCU 530 Exam Review questions with correct answers
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CPCU 530 LATEST EXAM QUESTIONS AND ANSWERS 2024/2025
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CPCU 530 LATEST EXAM QUESTIONS AND ANSWERS 2024/2025
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CPCU 530 Chapter 2 Exam Questions and Answers All Correct
- Exam (elaborations) • 6 pages • 2023
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Available in package deal
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CPCU 530 Chapter 2 Exam Questions and Answers All Correct 
Contract - Answer-A legally enforceable agreement between two or more parties in which each party makes some promise to the other 
 
Promisor - Answer-The party to a contract making a promise 
 
Promisee - Answer-The party to a contract to whom a promise is made 
 
Privity of contract - Answer-The relationship that exists between the parties to a contract 
 
Third-party beneficiary - Answer-A person who is not a party to a contract but ...
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CPCU 530 Exam Review Questions And Answers Rated 100% Correct!!
- Exam (elaborations) • 3 pages • 2023
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CPCU 530 Exam Review Questions And Answers Rated 100% Correct!!
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